[FINERACT-1351] System is not changing the principal amount for EMIs during rescheduling for which earlier rescheduling is done

• Type: Bug
• Status: Open
• Priority: Major
• Resolution: Unresolved
• Component/s: Loan
• Labels: Rescheduling
• Assignee: Unassigned
• Reporter: Vikranth Ramasami
• Created: 30/Apr/21 17:45
• Updated: 30/Apr/21 17:45

Description

Steps To Reproduce:

• Create a loan with disbursement date = 1st, Jan 2021 and first repayment date = 1st Feb 2021
• With 12 payments ,principal amount = 100,000 and with fixed principal every month and percentage of fixed principal = 1.190%
• Perform a reschedule and change the percentage from 01st May 2021 as 2% (System is changing all the principal amount from 01st May 2021  with the value as 2000 as expected)
• Perform a reschedule and change the percentage from 01st March 2021 as 6%

 

Actual Behavior:

System is changing the principal amount only for the 01st march and 01st May installment to 6% (6000) but from 01st May 2021 it still remains in 2% (2000)

 

Expected Behavior:

System should change all the principal from 01st March 2021 till the last but one payment with the value as 6% (6000)

 

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